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According to a report by Glassnode, 10% of Bitcoin supply has been intact for more than 10 years

October 22, 2020

A significant part of the total supply of Bitcoin (BTC) has not moved for more than 10 years. based on data from the Cryptocurrency Analytics data provider, Glass knot.

In the meantime a decade 1.8 million bitcoins (out of the 18.5 million currently in circulation) have remained in inactive bitcoin addresses. Their accumulated value is more than $ 23 billion at the time of this article’s publication according to information from Coin360.

Bitcoin idle for 10 years. Source: Glassnode

A large part of these coins puIt belongs to the mysterious creator of Bitcoin, Satoshi Nakamoto, which disappeared from the community in 2011. Nakamoto could own more than a million of these intact assets that are said to be lost forever.

According to a report by Glassnode, 10% of Bitcoin supply has been intact for more than 10 years
According to a report by Glassnode, 10% of Bitcoin supply has been intact for more than 10 years

Despite the large number of stagnant coins Some previously dormant bitcoins moved for the first time in May 2020. A wallet with coins February 2009 suddenly sent 50 BTC without warning and without explanation in two different directions. The blockchain community then suggested three main scenarios: These coins could have belonged to the family of the late cryptographer Hal Finney, original developer Martti Malmi, or possibly Satoshi Nakamoto. This speculation has been largely denied by the parties in question, with the exception of Nakamoto, who remains elusive.